Corbus (CRBP) CEO Yuval Cohen sells shares in Rule 10b5-1 tax-cover transaction
Rhea-AI Filing Summary
Corbus Pharmaceuticals Holdings, Inc. director and Chief Executive Officer Yuval Cohen reported an open-market sale of 13,871 shares of common stock at a weighted average price of $7.7826 per share on February 13, 2026.
According to the disclosure, this sale was executed under a Rule 10b5-1 trading plan adopted on March 14, 2025 and was mandated as a “sell to cover” transaction to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs), rather than a discretionary trade. Following this transaction, Cohen directly owned 174,316 shares, which includes 138,049 unvested RSUs subject to their existing vesting schedules.
Positive
- None.
Negative
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Insights
CEO sale is routine tax withholding under a preset plan.
The CEO of Corbus Pharmaceuticals Holdings, Inc., Yuval Cohen, sold 13,871 common shares at a weighted average of $7.7826 per share on February 13, 2026. The filing states the transaction was an open-market sale.
A key detail is that the sale was executed under a Rule 10b5-1 trading plan adopted on March 14, 2025 and is described as a mandatory “sell to cover” for tax withholding on RSU vesting. The text explicitly notes this does not represent a discretionary trade by the reporting person.
After the sale, Cohen’s direct holdings totaled 174,316 shares, including 138,049 unvested RSUs subject to their vesting schedules. This indicates continued significant equity exposure, and the transaction reads as routine equity-compensation housekeeping rather than a thesis-changing move.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.0001 per share | 13,871 | $7.7826 | $108K |
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025 and the sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.58 to $7.96. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This amount includes 138,049 unvested RSUs subject to each grant's vesting schedule as previously reported.